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RE: LiteCoin (LTC): Wave 2 & 4 Alternation
Luckily there hasn't been a big sell off yet after the Lightcoin cash hard fork...
Luckily there hasn't been a big sell off yet after the Lightcoin cash hard fork...
Yeah, that's a concern as well. I'm in a leveraged long play, so it might make sense to get out before the fork ends.
Hmm, fork has ended already! I missed it, oops...
https://www.tradingview.com/chart/LTCUSD/2OGXqx6z-The-Litecoin-Fork-Has-Come-Gone-Here-s-The-411-LTC/
Yes indeed. I didn't even participate. It smells scam all over and the LCC is only a couple dollar worth.
While true, bear in mind that there are 10 times as many LCC as LTC.
I'm watching two BTC forks, for instance, which I am very grateful to Binance for including in my account! There's Super Bitcoin and Bitcoin X.
The former was created with the same number of coins as BTC, plus 210,000 additional (for the creators, I suppose).
The latter was created with 210 billion coins, or, 10,000 times more than BTC (21 million).
While the latter is worth just over a penny ($0.010630 at the moment), its market cap is $2,232,300,000. And the former, worth $24.14 each, would have a market cap of under a quarter that! ($512,009,400.) [Edit: perhaps, because of the "pre-mined" coins, making the former a lower-quality coin?]
I wonder how difficult it would be to fork BTC or LTC... Might be worth the time finding out (what makes an ocean wave wave).
Well actually at a certain moment today the LCC was been valued at 10 USD. That's over 50% valuation on the real LTC, that's not bad at all!